Compagnie de Saint-Gobain S.A. Stock Forecast

Compagnie de Saint-Gobain S.A. stock price down 0.643% on Tuesday
(Updated on Apr 30, 2024)

GOB.F Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -1.38%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Compagnie de Saint-Gobain S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The Compagnie de Saint-Gobain S.A. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 72.32€ and 71.50€. A breakdown below any of these levels will issue sell signals.

Support, Risk & Stop-loss for Compagnie de Saint-Gobain S.A. stock

Compagnie de Saint-Gobain S.A. finds support from accumulated volume at 71.52€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.94€ (1.27%) between high and low. For the last week, the stock has had daily average volatility of 1.17%.

Our recommended stop-loss: 71.73€ (-3.36%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (GOB.F) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Compagnie de Saint-Gobain S.A. to open at 74.53€, and during the day (based on 14 day Average True Range), to move between 73.15€ and 75.29€, which gives a possible trading interval of +/-1.07€ (+/-1.45%) up or down from last closing price. If Compagnie de Saint-Gobain S.A. takes out the full calculated possible swing range there will be an estimated 2.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 74.26€ (0.05%) than the support at 71.52€ (3.64%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Compagnie de Saint-Gobain S.A. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Compagnie de Saint-Gobain S.A. stock to perform well in the short-term.

Current score: 1.813 Buy Candidate Unchanged

Predicted Opening Price for Compagnie de Saint-Gobain S.A. of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.